Amgen may rise to 323.00 - 329.00

Our pivot point stands at 295.

Our preference

As long as 295 is support look for 323.

Alternative scenario

Below 295, expect 286 and 280.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 304.289 and 293.3996).

Supports and resistances

334 **

329 *

323 **

318

305.99 (USD-last)

298

295 **

286 *

280 **

Number of asterisks represents the strength of support and resistance levels.